This report analyzes and compares POWERWAVE TECHNOLOGIES' employee health insurance and employee benefits with its industry and in California State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
POWERWAVE TECHNOLOGIES has top-notch career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the POWERWAVE TECHNOLOGIES. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: POWERWAVE TECHNOLOGIES continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that POWERWAVE TECHNOLOGIES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: POWERWAVE TECHNOLOGIES offers first-class coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: POWERWAVE TECHNOLOGIES offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: POWERWAVE TECHNOLOGIES has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: POWERWAVE TECHNOLOGIES does not offer leadership programs.
- ONBOARDING: POWERWAVE TECHNOLOGIES does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, POWERWAVE TECHNOLOGIES implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: POWERWAVE TECHNOLOGIES realizes that continuous education is a key to success so it has an exceptional Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | POWERWAVE TECHNOLOGIES | Industry | California |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
POWERWAVE TECHNOLOGIES offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy POWERWAVE TECHNOLOGIES's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: POWERWAVE TECHNOLOGIES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why POWERWAVE TECHNOLOGIES implemented a good counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This good counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: POWERWAVE TECHNOLOGIES offers a good dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: POWERWAVE TECHNOLOGIES offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: POWERWAVE TECHNOLOGIES offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. POWERWAVE TECHNOLOGIES provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: POWERWAVE TECHNOLOGIES has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, POWERWAVE TECHNOLOGIES has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: POWERWAVE TECHNOLOGIES has an impressive telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: POWERWAVE TECHNOLOGIES provides a superior Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | POWERWAVE TECHNOLOGIES | Industry | California |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
POWERWAVE TECHNOLOGIES offers first-class financial benefits for employees and their family members. A first-class 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: POWERWAVE TECHNOLOGIES has a superb 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. POWERWAVE TECHNOLOGIES provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superb POWERWAVE TECHNOLOGIES has Matching program that matches 75% of employees' contributions. Whatever POWERWAVE TECHNOLOGIES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave POWERWAVE TECHNOLOGIES. Recognizing that every team member is unique, with specific needs and goals, POWERWAVE TECHNOLOGIES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: POWERWAVE TECHNOLOGIES has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: POWERWAVE TECHNOLOGIES offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for POWERWAVE TECHNOLOGIES, and encourage others to do the same.
- CHILDCARE DISCOUNT: POWERWAVE TECHNOLOGIES cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: POWERWAVE TECHNOLOGIES acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: POWERWAVE TECHNOLOGIES offers an exceptional daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: POWERWAVE TECHNOLOGIES has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: POWERWAVE TECHNOLOGIES has a first-class life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: POWERWAVE TECHNOLOGIES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why POWERWAVE TECHNOLOGIES has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: POWERWAVE TECHNOLOGIES recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by POWERWAVE TECHNOLOGIES, on volunteer work of their choice.
- PARENTAL LEAVE: POWERWAVE TECHNOLOGIES has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | POWERWAVE TECHNOLOGIES | Industry | California |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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